Corporation tax payable

The 14th day of the 7th, 10th, 13th and 16th months after the commencement of a 12 month accounting period.

Balance:

9 months and 1 day after the end of the accounting period.

Beyond 31 March 2019

The rate of corporation tax reduces to 17% from 1 April 2020.

From 1 April 2019 companies with taxable profits of £20 million or more will be required to pay corporation tax in quarterly instalments in the third, sixth, ninth and twelfth months of their accounting period. The £20 million threshold will be divided by the number of companies in the group.